Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, and engine-related component products worldwide. It operates through four segments: Engine, Distribution, Components, and Power Systems segments. The Engine segment manufactures and markets a range of diesel and natural gas powered engines under the Cummins and other customer brands for the heavy-and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets. This segment also offers new parts and services, as well as remanufactured parts and engines. The Distribution segment distributes parts, engines, and power generation products; and provides service solutions, such as maintenance contracts, engineering services, and integrated products. The Components segment offers emission solutions, including custom engineering systems and integrated controls, oxidation catalysts, particulate filters, selective catalytic reduction systems, and engineered components; and turbochargers for light-duty, mid-range, heavy-duty, and high-horsepower diesel markets. This segment also provides air and fuel filters, fuel water separators, lube and hydraulic filters, coolants, fuel additives, and other filtration systems; and fuel systems for heavy-duty on-highway diesel engine applications, as well as remanufactures fuel systems. The Power Generation segment offers components that back-up and prime power generators, controls, paralleling systems, and transfer switches, as well as A/C generator/alternator products under the Stamford, AVK, and Markon brands. Cummins Inc. sells its products to original equipment manufacturers, dealers/distributors, and end users. The company was formerly known as Cummins Engine Company and changed its name to Cummins Inc. in 2001. Cummins Inc. was founded in 1919 and is headquartered in Columbus, Indiana.

2.4 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment

Cummins has received 51.57% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Cummins and other stocks. Vote “Outperform” if you believe CMI will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CMI will underperform the S&P 500 over the long term. You may vote once every thirty days.

Miscellaneous

Receive CMI News and Ratings via Email

Sign-up to receive the latest news and ratings for CMI and its competitors with MarketBeat's FREE daily newsletter.

Cummins (NYSE:CMI) Frequently Asked Questions

How has Cummins' stock been impacted by COVID-19 (Coronavirus)?

Cummins' stock was trading at $141.07 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CMI shares have increased by 27.6% and is now trading at $180.01. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Cummins?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cummins in the last year. There are currently 1 sell rating, 14 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Cummins.

When is Cummins' next earnings date?

How were Cummins' earnings last quarter?

Cummins Inc. (NYSE:CMI) posted its earnings results on Tuesday, April, 28th. The company reported $3.18 EPS for the quarter, topping analysts' consensus estimates of $2.18 by $1.00. The firm had revenue of $5.01 billion for the quarter, compared to analyst estimates of $4.87 billion. Cummins had a net margin of 9.34% and a return on equity of 24.86%. The business's revenue for the quarter was down 16.5% on a year-over-year basis. During the same period last year, the business posted $4.20 earnings per share. View Cummins' earnings history.

How often does Cummins pay dividends? What is the dividend yield for Cummins?

Cummins announced a quarterly dividend on Tuesday, May 12th. Shareholders of record on Friday, May 22nd will be paid a dividend of $1.311 per share on Thursday, June 4th. This represents a $5.24 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Thursday, May 21st. View Cummins' dividend history.

How will Cummins' stock buyback program work?

Cummins announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, December 10th 2019, which authorizes the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 7.2% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its shares are undervalued.

What price target have analysts set for CMI?

20 brokerages have issued twelve-month price objectives for Cummins' stock. Their forecasts range from $145.00 to $207.00. On average, they anticipate Cummins' share price to reach $169.19 in the next year. This suggests that the stock has a possible downside of 6.0%. View analysts' price targets for Cummins.

Has Cummins been receiving favorable news coverage?

News headlines about CMI stock have trended extremely negative on Sunday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Cummins earned a media sentiment score of -5.0 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the near term. View the latest news aboutCummins.

Which institutional investors are selling Cummins stock?

CMI stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, APG Asset Management N.V., APG Asset Management N.V., Lord Abbett & CO. LLC, Nuveen Asset Management LLC, First Trust Advisors LP, Morgan Stanley, and Morgan Stanley. Company insiders that have sold Cummins company stock in the last year include Mark J Osowick, Norman Thomas Linebarger, and Tony Satterthwaite. View insider buying and selling activity for Cummins.

How do I buy shares of Cummins?

Shares of CMI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Cummins' stock price today?

One share of CMI stock can currently be purchased for approximately $180.01.

How big of a company is Cummins?

Cummins has a market capitalization of $26.56 billion and generates $23.57 billion in revenue each year. The company earns $2.26 billion in net income (profit) each year or $15.05 on an earnings per share basis. Cummins employs 61,615 workers across the globe.